On 17 August 2020, the Maldives Inland Revenue Authority (MIRA) issued Circular No. 220-TD/CIR/2020/07 which makes it mandatory for taxpayers whose annual turnover is MVR 10 million or more to file their interim returns under the Income Tax Act via MIRA’s online portal, MIRAconnect.

The circular also makes it mandatory for taxpayers whose annual turnover is MVR 30 million or more to make their interim payments via MIRAconnect or the Maldives Real Time Gross Settlement (MRTGS) facility.

The first interim return for the tax year 2020 and the respective interim payment is due on 31 August 2020.